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“The report shows that shareholder engagement is an effective way to invest responsibly,and that it enhances long-term corporate performance, and ultimately shareholder value.”Rob BauerProfessor of FinanceMaastricht University“Thanks to the leadership of some companies we now have a wealth of evidence supportingthe idea that corporate financial performance should not be at odds with the interests ofother stakeholders.”George SerafeimAssociate Professor of Business AdministrationHarvard Business School“The integration of environmental, social and governance factors into corporate and investmentdecision making has been gathering momentum over the last decade. This well-researchedreport succinctly highlights one of the key drivers underpinning this shift: sustainability andfinancial performance are linked. This piece eloquently explores why, now more than ever,sustainability should be on the agenda of senior executives and investment professionals alike.”Michael JantziCEOSustainalytics“I welcome this report, which provides a good survey of research into the economic benefitsof corporate sustainability. Importantly, it suggests that owners of the business are keyto good corporate governance and that active ownership can contribute to financial andinvestment performance.”Colin MelvinCEOHermes Equity Ownership Services“From The Stockholder To The Stakeholder highlights the increasing global awareness ofESG issues among a broad range of stakeholders and emphasizes the business case for theintegration of ESG into all aspects of business.”Philipp AebyCEORepRisk AG

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